4Q17: Stay in the game


The Chief Investment Office brings you the investment outlook and strategy for 4Q17 in our brand-new "CIO Insights" publication
Chief Investment Office02 Oct 2017
Photo credit: AFP Photo


Barring exogenous shocks – such as the escalation of tensions in the Korean peninsula – the outlook for risk assets namely equities and corporate bonds remains stable. A common concern among investors is whether the bull market led by US equities has already matured after eight years of uptrend. And are we not at the cusp of a bear market?

We do not think so. Despite stretched valuations, the fundamental backdrop of synchronous global growth with low inflation is positive. Fund flows are also supportive as global investors are flushed with liquidity and in constant hunt for investments away from record-low yielding government bonds.

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